How do venture capitalists look at deals? Read first-hand how one VC evaluates about the proposals he receives at Gaebler Venture's blog site.
When somebody sends me a business plan or gives me their elevator pitch, I quickly run it through a mental filter to see if it's a HomeRun. If it is a HomeRun business concept, I'm interested. If not, I'll quickly move on to other things.It usually takes me 15 to 30 seconds max to figure it out....
This is an interesting article comparing a product or service that is needed with an idea that is catchy. It's incredibly difficult, however, to come up with a business plan that provides a good/service which is needed plus an idea that is so catchy that word-of-mouth ends up being its best publicity.
Nice, concise analysis. Thanks for posting the link.